Foreclosure Rates Decrease

According to Lender Processing Services, the foreclosure pre-sale inventory rate averaged 3.05% in May 2013, decreasing 26.98% from May 2012. The United States delinquency rate has also fallen to the lowest rate seen in five years averaging 6.05%. Additionally, the number of U.S. homes, not in foreclosure, but 30 or more days late hovered around 3.043 million. Foreclosures 90 or more days late hit 1.335 million. The average number of properties listed as in-foreclosure or delinquent is 4.569 million and is expected to continue to fall. More here

Leave a Reply

Your email address will not be published. Required fields are marked *